February 6, 2012

Hot real estate markets in the U.S. in 2009 and beyond

Hot real estate markets in the U.S. in 2009 and beyond
You already knew the housing market was hot. We’re here to tell you it’s hotter than ever. Historically low home prices and interest rates, coupled with an $8,000 tax credit and other incentives for things like “green” renovations, means you can get in on a fantastic deal and still have cash left over in your pocket. Foreclosure.com [...]

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You already knew the housing market was hot. We’re here to tell you it’s hotter than ever.

Historically low home prices and interest rates, coupled with an $8,000 tax credit and other incentives for things like “green” renovations, means you can get in on a fantastic deal and still have cash left over in your pocket.

Foreclosure.com is here to help you navigate the exciting process of distressed property investment, but you won’t have forever to make a decision.

New foreclosure rates are slowing. Housing prices are stabilizing in many parts of the country. The $8,000 tax credit vanishes in just two months.

What does it all mean? The time to act is now.

The October 2009 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which details the “Hot Market” near you and how you can get in on the scorching action before it’s too late.

From how to find fabulous deals in your area to identifying the expert agent in your community, we get you started on the path to making (or saving) a ton of money with discounted real estate right in your backyard.

Check out “Hot Market” today because the time to act is now — remember the clock is ticking to get your piece of the pie!

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.



Report: Existing home sales rise to record level in Sept. 2009

Report: Existing home sales rise to record level in Sept. 2009
It’s mad dash to the finish line as the $8,000 tax credit for first time homebuyers expires in about six weeks on Nov. 30, 2009. The National Association of Realtors today released a report that reveals existing home sales were up nationwide nearly 24 percent in September (compared to Jan. 2009). It’s the largest increase in [...]

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It’s mad dash to the finish line as the $8,000 tax credit for first time homebuyers expires in about six weeks on Nov. 30, 2009.

The National Association of Realtors today released a report that reveals existing home sales were up nationwide nearly 24 percent in September (compared to Jan. 2009). It’s the largest increase in more than 26 years, according to the Associated Press.

The primary reason for the surge?

First-time buyers are scrambling to take advantage of the limited time government incentive, which was introduced earlier this year to spark the flagging housing market.

Lawrence Yun, NAR chief economist, had this to say regarding the good news:

“Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home. We are hopeful the tax credit will be extended and possibly expanded to more buyers, at least through the middle of next year, because the rising sales momentum needs to continue for a few additional quarters until we reach a point of a self-sustaining recovery.”

Currently, there is no telling if the tax credit will be extended. However, there are several key Senate lawmakers who are lobbying hard to keep it alive and well into 2010.

We’ll keep you posted.

In the meantime, feel free to search Foreclosure.com for the best real estate deals in your area before someone else beats you to it.